625 TALBOT STREET, St. Thomas
$325,000
For sale: Other
- Property type
- Sale Of Business
- MLS®
- MLS® X13583974
- Neighbourhood
- St. Thomas
A fantastic opportunity to own an established, independent restaurant in downtown St. Thomas. Known as "The Bistro" since 2015, this hotspot has been a successful restaurant location for over 23 years. This is a business-only sale, making it an affordable, turnkey setup for a new owner or chef to step right in and start cooking from day one.The clean, beautifully maintained 3,500+ sq. ft. space is fully licensed under the LLBO and comfortably seats 116 guests. With no franchise fees, you have 100% control over your menu, branding, and hours. The business operates 7 days a week with a highly competitive lease in place until May 2027 at just $3,200.00 + HST/month.All commercial kitchen equipment, furniture, and fixtures are included in the purchase price.
Sold data
Homes in St. Thomas — recent sold market
Homes in St. Thomas took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 54, across 175 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.
The median sale price was $524,900.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
- Median days to sell
- 25
- Median sale price
- $524,900
- Sale-to-list ratio
- 97.9%
- Sold above asking
- 11%
Based on 175 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in St. Thomas
St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.
- Rated schools
- 16
- Elementary
- 12
- Secondary
- 4
- Average rating
- 5.2 / 10
Top-rated schools in St. Thomas
- Eva Circe-Cote FI — elementaryFraser rating 7.1/10
- Southwold — elementaryFraser rating 6.8/10
- Pierre Elliott Trudeau FI — elementaryFraser rating 6.5/10
- St. Joseph's — secondary, St ThomasFraser rating 6.5/10
- Lockes — elementaryFraser rating 6.2/10
- Parkside — secondary, St ThomasFraser rating 6.1/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 625 TALBOT STREET
$339,000
Other160 OAK STREET, Bothwell
$324,900
Townhouse321,000–1,199 sqft54 - 166 SOUTHDALE ROAD W, South O, London South
$334,500
Townhouse321,000–1,199 sqft36 - 135 BELMONT DRIVE, South O, London South
$349,900
Townhouse321,200–1,399 sqft24 - 75 ANSONDALE ROAD, South Q, London South
$329,900
Apartment221,600–1,799 sqft104 - 280 QUEENS AVENUE, East F, London East
$389,500
Detached22700–1,100 sqft1 BRITTON DRIVE, St. Thomas, St. Thomas
$359,000
Townhouse321,000–1,199 sqft226 - 230 CLARKE ROAD, East I, London East
$345,600
Apartment32900–999 sqft204 - 626 FIRST STREET, East H, London East